Optimism in personal finances jumps

Canadians are more optimistic about the prospects for their personal finances in 2017 than they were heading into 2016.

An Ipsos poll shows that 75 per cent of respondents believe that this year will be good for their personal finance situation, up from 60 per cent for 2016. The majority also view this year with positivity for retirement plans and savings, job and career, and the Canadian economy.

There is expectation of paying more for food, housing, paying down debts and health & wellness. Entertainment and vacation spending are likely to be lower.

Generally, younger Canadians are more optimistic about the year ahead.

More Mortgage Guide